www.varchev.com

DJIA: DJIA: key levels 17815-17722, probable flag

DJIA: uptrend in force, but we see signs of fatigue – correction.
Key levels for the index 17 722 – 17815. Crossing price under 17,722 will activate flags formation and may be followed by a decrease to 17 600 points.

Market situation is speculative. Investors accumulated fears of Greece and the election of 01.25.2014 year, on the other hand the positive expectations for the financial statements in the US, which will start tomorrow

We have no signal for short positions, but it is very likely to see the amplification of negative sentiment.
Crossing the price below 17,722 will give a signal for short

The indicators are in negative formation, price below 50, 100 and 200 moving averages probably decrease


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance